Unsecured Credit Arrangement

An Unsecured Credit Arrangement is a financial agreement where the borrower does not pledge any assets as collateral for the loan. This type of loan relies on the borrower's creditworthiness and often results in higher interest rates and stricter borrowing terms due to the increased risk for the lender.

IRI: http://lmss.sali.org/RCzYNAC22dds0d4cDTCJCzl
Branch: Objectives

Also known as

Non-Collateralized Credit Arrangement, Unsecured, Unbacked Credit, Unsecured Financing Arrangement

Ancestry path

Objectives Transactional Objectives Credit Arrangement

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